The Deduction for Investments in the Canary Islands is a fiscal incentive, equivalent in its operation with that on Spanish territory, enjoying considerable advantages with respect to the intensity of the fiscal benefit.
This special regime of deduction for investments in the Canary Islands is applicable to the following persons and entities, and offers breaks of between 50%-80% on profits:

  • All companies and other legal entities subject to Corporation Tax for the investments they make which remain in the Canary Islands, provided that: They have their registered address in the Canary Islands, If they do not, they must at least have a permanent establishment in the Islands.
  • The individuals that carry on business and professional activities in the Canary Islands , provided that they fulfil the conditions imposed by the regulations of Income Tax for the application of the incentives to the investment set down in Corporation Tax.

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